> Spotify’s founder, Daniel Ek, made his initial fortune. At 23, he was the CEO of uTorrent, a pirate platform that became BitTorrent (arguably the largest rights-infringing platform in the world). He and their developers then used identical rights-infringing software in order to build his new golden goose: Spotify.
This is misleading, as BitTorrent Inc purchased uTorrent in 2006 to replace their own BitTorrent client. But uTorrent was just one client for this "pirate platform".
> Meanwhile, Spotify pockets 30% of all the revenue they collect––and they don’t make anything.
I suppose he has no issue with labels then?
> Spotify’s in trouble because Spotify doesn’t know what their product is.
> “No no…sorry,” I said, shaking my head in disbelief. “Your product isn’t ‘Spotify.’” He continued to stare at me. I said, “Sir, your product is music.”
What a muppet, going from "Spotify doesn't make anything!" to "Spotify's product is music".
This is especially dumb because it's like saying "supermarkets don't make any food, they just sell it!".